Australia "The Land Down Under"
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…in international markets continues to be severe. While Australia has suffered from the low growth and high unemployment characterizing the OECD countries in the early 1990s and during the recent financial problems in East Asia, the economy had expanded at a solid 4% annual growth pace in the last five years. Growth in 2002 will depend on key international commodity prices, the extent of recovery in nearby Asian economies, and the strength of US and European markets.
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